The Emporia weekly news. [volume] (Emporia, Kan.) 1881-1889, 1887-12-15

amount to about s14O, OO0, 600 81 Jnns
S0th. If taxation is diminished to
such an extent that annual revenues
viii be less for some years to come
than the appropriations, the accumu-
lated surplus would be used for the
ordinary ., expenses EMS and and people
BE good from It. Doubtless
by the time this money was spent
in the pursuance Of this plan the
revenues would have so increased as to
be equal to proper annual expenses. In
the meantime portion of this money
could lie in banks where it would be
available for the business of the coun-
try, and upon withdrawal from them
il w0uld be at once returned to the chan
nels of business through government
payments. No shock would be caused
by such withdrawal. / advise it. If
however, it is thought better to at
tempt to buy bonds with it, / should
like TO have specific authority given to
the secretary of the treasury to do
So"
The report shows that the circulation
of standard silver dollars has increased
SIC, 464 sos during the past year. In
of the most interesting facts shown
by the foregoing statements is the de
crease in number OF standard silver
dollars owned by the government andin-
creased use of same money by the peo-
pie in form of silver certificates. Pro
vision should be made against the
time when there may be more
silver money than is required for the
business of the country. The first
OG% mil 6o
ownership of silver by the government.
This increase will take place because
the government pays to the people that
kind of currency which they wish to
have, and receives frem them that
kind which they wish to pay. Con-
seQuently the government viii &C
emulate form of money which the
public least desires. There should al
ways be in the treasury enough silver
certificates to enable the government
to at once supply any demand for it on
the part of the people. But all held
in the treasury in excess of that amount
is absolutely useless for any purpose,
and in fact menace to the silver
which the people hold and also the
United States notes and national bank
notes to the whole circulating medium,
except gold, it would be part of wis
silver in the treasury beyond suffi-
Gent reserve needed to meet any de-
mand which may be made for it. This
can be done by fixing of such revenue
and providing that where it is exceed
ed by, say S., 200, 600, the purchase of
bullion shall cease until the amount
held by the government again equals
such revenue. Another plan would be
to provide that when the reserve was
of
notes equal in value to such excess
should be cancelled if enough of them
were in the treasury, but if not then
the purchase Of bullion to cease until
the maximum revenue should be
reached. This would create a vacuum
in the circulating medium which would
be filed by silver. The amount of Uni
ted States notes would be gradually
reduced until the whole were extln-
guished. Silver dollars or silver certi-
f1cates would take the place of United
States notes as they were retired. This
plan would make our currency more
uniform and secure, as now neither of
these plans il adopted, would diminish
the actual OF potential use of silver as
currency by dollar; in my judgment it
would be promoted thereby. The bal
anee of the report is taken up with re-
ports Of customs, revenue, marine, en-
igration and coasts survey.
APPOINTED.
WASHINGTON, Dec. John A. Han
naway, of Missouri, was to-day ap-
pointed superintendent of the dOcu-
ment room of the house of representa-
tives to succeed A. w. Gibson. re-
heved.
GOOD LAND OPENED UP.
WASHINGTON, Dec. 9.-Acting
Secretary Muldrow to-day rendered a
decision on the petition of II. r. elise
and others asking that the attorney
general be requested to institute suit
to set aside the patents issued to the
Union Pacific Railway Company for
about zoe, 600 acres of land lying con-
tinguous to Denver, Col. The land in
question lies within a quadrant form
ed by the Kansas Pacific Railway, eX-
tended west from Denver and the
Cheyenne branch of the Union Pacific
extended south from Denver. The
petition declares that the lands in
question lie outside the railroad grant.
The acting secretary sustainS the petit
ton and directs the commissioner of
the general land Office to make formal
demand on the railroad company for a
reconveyance of the land.
ANOTHER DOXOLOGY CRANK.
WASHINGTON, Dec. 9.-While the
new members of the Evangelical Al
lance were waiting on the portico of
| the white house to-day, just prior to
| their reception by the President and
Mrs. Cleveland, they were joined by a
man, who, in loud voice, began to
sing the doxology. He was led off by
| the police.